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Market Opportunities - 15/01/2021

15 January, 2021

The example below uses Contracts For Difference (CFDs). Calculations are only on the price of the specific instrument on the date below and calculations indicate a possible opportunity for profit or loss. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk.

Tilray weekly uptrend opportunity based On 1.00 Lot Calculation:

  • Tilray is a Canadian pharmaceutical and cannabis company, incorporated in the US. Tilray also has operations in Australia, New Zealand, Germany, Portugal, and Latin America. The Company is a supplier of cannabis products to pharmaceutical distributors and it is focused on medical cannabis research, cultivation, processing and distribution of cannabis products worldwide.
  • Tilray stock has gained more than 121% in just the last two weeks, including a 22% rise on Thursday, January 14.
  • On Dec. 16, 2020, Aphria and Tilray announced plans to merge, creating what will be the largest global cannabis company by revenue. Aphria announced fiscal second-quarter 2021 earnings yesterday with net revenue growth of 33% in the second quarter compared to the prior-year period. The company said net cannabis revenue nearly doubled.
  • During this election the Biden campaign touted their support for cannabis decriminalization and Senate Majority Leader Chuck Schumer said that legalization would be a major priority in a Democratic controlled Senate.
  • Mexico has finished drafting rules to permit medical marijuana to send shares of the cannabis industry up. If and when that happens, Mexico could in an instant become the world's largest legal cannabis market.
  • Cannabis legalization is sweeping over North America, 15 states plus Washington, D.C., have all legalized recreational marijuana as well as Canada. Virginia Governor Ralph Northam is pushing to legalize marijuana for recreational use in the commonwealth, which would make it the first southern state to do so.

Tilray, January 15, 2021
Current Price: 18.35



Trend direction


Resistance 3


Resistance 2


Resistance 1


Support 1


Support 2


Support 3


Example of calculation base on weekly trend direction for 1.00 Lot*


Pivot Points

Resistance 3

Resistance 2

Resistance 1

Support 1

Support 2

Support 3

Profit or loss in $







Profit or loss in €**







Profit or loss in £**







Profit or loss in C$**







* 1.00 lot is equivalent of 1000 units
** Calculations for exchange rate used as of 08:50 (GMT) 15/01/2021
Fortrade recommends the use of Stop-Loss and Take-Profit, please speak to your Client Manager regarding their use.
*** You may wish to consider closing your position in profit, even if it is lower than suggested one
**** Trailing stop technique can protect the profit – Ask your Client Manager for more detail

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